A startup that helps companies avoid networking foul-ups when they run applications in the cloud is grabbing attention from investors.
The startup, Aviatrix, recently closed $75 million in Series D financing in a round led by a new investor, General Catalyst. The funding values Aviatrix at more than $700 million, roughly double its $346 million valuation during a November 2019 funding round, according to a person with direct knowledge of the matter. An Aviatrix spokesman declined to comment on the valuation figure but confirmed the details about the new funding round, which hasn’t previously been reported.
